Between 2013 and 2019, an era of ‘austerity’, most of us noticed a marked deterioration in the quality of our public spaces and infrastructure – existing roads and pavements not maintained, school buildings getting shabbier, public facilities closing. During that period, Norfolk County Council oversaw at least £725m of funded infrastructure projects. Incredibly, more than £650m of this was for building or widening roads.
by Oliver Steward
The concept of a local currency is one way to encourage people to go to the high street through a creative use of supply side economics. A local currency would enable towns and cities across the country to stimulate economic activity in their floundering high streets. We need to encourage small business activity during this time of economic uncertainty, as small and micro businesses encourage entrepreneurship and form the backbone of our economy. Independent shops give our high street character and provide an incentive for people to visit our historic towns. The so-called ‘Death of the High-street’ is not just about national chains relocating, but the closure of small businesses. The use of a local currency would help reinvigorate it.Continue Reading